Class Notes (839,150)
United States (325,799)
Economics (275)
ECON 305 (10)
Dr.Neri (9)
Lecture

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3 Pages
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Department
Economics
Course Code
ECON 305
Professor
Dr.Neri

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Description
Econ 2-11 Increase in immigration (increases supply) Y  =  C(Y −T ) +I (r ) +G Opposite way, plague, decreases labor supply, increasing w/p (real wage), decreasing y (output), and decreases r/p (real rental rate) demand for capital because it is less productive. Could figure this out from the formula… Equilibrium (the market for goods and services) Y>AE -> pi decrease -> I Increase (and vice versa) The loanable funds markets- simple, supply-demand model of financial system w/ one asset (loanable funds) Demand for funds: investment, supply of funds- saving, price of funds- real interest rate Demand for loanable funds comes from investment, firms borrowing to finance spending consumers borrowing to buy housing. It depends negatively on r, the p
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